The Moca Foundation, closely associated with Animoca Brands, has officially announced the arrival of their much-anticipated $MOCA token, ending the curiosity circulating within the community.
The new token is expected to play a significant role in driving the growth of the Moca Foundation’s web3 network. It has a multifaceted purpose and is not just a digital asset. The token is designed to serve as a catalyst for network expansion, a unifying force for cultural exchange, and a facilitator of cross-community collaboration through shared governance.
The $MOCA token is expected to be at the forefront of powering the Moca Foundation’s network. Beyond that, it will hold a central position as the governance token for the upcoming Moca DAO, a platform aspired to become the “DAO of DAOs” in the web3 world. This means that $MOCA holders will have a direct say in the decision-making processes that shape the future of the network.
In addition to its governance role, $MOCA will also be deployed to support projects that aim to forge connections and drive innovation within on-chain cultural economies. This diversification represents a significant expansion of Animoca’s already extensive web3 investment portfolio.